The Top 3 Benefits Of Choosing A Medicare Advantage Plan

With so many different insurance options to choose from, it can often be difficult for Medicare recipients to determine which option is best for them. Should they stick with original Medicare, or perhaps purchase a Medicare supplement plan? Well, while there is no single answer that is right for everyone, many people ultimately find that the option of a Medicare Advantage plan is the most beneficial option for them. Taking the time to learn more about some of the benefits that Medicare Advantage plans have to offer can help you to decide if this is the right option for you as well.

Benefit #1: Medicare Advantage Plans Offer More Coverage Than Original Medicare

The law requires that all Medicare Advantage plans offer at least as much coverage as both Medicare Part A and Medicare Part B combined. However, most advantage plans will offer additional coverage as well. For instance, it is common for these plans to include things such as vision and dental covers, as well as prescription drug coverage.

Benefit #2: Medicare Advantage Plans Come With A Maximum Expense Cap

It is important for many seniors to be able to budget their medical expenses since many of these individuals are on a fixed income. The problem with this is that there simply is no way to predict what medical services you will need in any given year. Consequently, your out-of-pocket expenses could be considerably more if you find yourself visiting the doctor more often. Thankfully, Medicare advantage plans offer a solution to this problem by including a maximum expense cap. Essentially, this means that once you reach the maximum amount of expenses for the year, you will receive any remaining treatments at no cost. Original Medicare and supplemental insurance plans do not typically include this type of expense cap.

Benefit #3: Medicare Advantage Plans Often Reduce The Cost Of Your Co-Pay

While Medicare Advantage plans do often require you to cover a co-pay each time you visit the doctor, you could find that the amount you spend on co-payments is far less when using this type of insurance than when choosing to use original Medicare coverage. This is because most advantage plans will include a flat rate co-payment that you will need to cover at each visit. Original Medicare on the other hand will often require you to pay a certain percentage of each bill. In many cases this percentage will be more than the low flat fee associated with a Medicare Advantage plan.